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Power Cos. Tell 3rd Circ. FERC Was Locked Into Auction Rules

By Matthew Santoni (January 31, 2024, 1:47 PM EST) -- Electricity providers told a Third Circuit panel in oral argument Wednesday that the Federal Energy Regulatory Commission improperly changed its rules on the fly in 2023 in order to tweak the results of a PJM Interconnection electricity capacity auction, arguing that once the auction procedures were set, the agency should have been bound to stick with them....

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